ENEOS (5020) Investor update summary

Corporate overview and business activities

• Established in 2022 from the JSR elastomer business, with 3,033 employees and ¥347.0 billion in FY2024 net sales.

• Product portfolio includes tire materials, battery materials, elastomers, and high-performance polymers.

• Holds the top elastomer market share in Japan and is fourth in Asia.

Market environment and growth opportunities

• Demand for fuel-efficient tires and battery materials is rising due to global decarbonization and electrification trends.

• Enhanced S-SBR market expected to outpace general S-SBR, driven by stricter regulations and performance needs.

• Battery binder market forecasted to grow rapidly, especially in Europe and China.

Medium-term growth strategies (2025–2027)

• Targeting operating profit of over ¥20.0 billion and ROIC of 7% by FY2027.

• Plans include optimizing resources, expanding S-SBR and battery binder sales, and launching new businesses.

• S-SBR business aims for 5.7% CAGR, exceeding market growth, with global expansion and technology leadership.

• Battery binder strategy focuses on capturing European market share and aiming for top 3 global supplier status.